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Correction: We do not approve of RUN AWAY CAPITALISM that will walk on everyone, that will destroy any business if there is more money for the top capitalists to be made through the sale of the many parts or the exportation of those jobs outside the US rather than look at the HUMAN cost and the HUMAN benefit of taking a slightly lower profit while providing a living for the workers . . .even though workers who do make a decent living will obviously be a great natural source of DEMAND for the products. Capitalism exists in EVERY developed country. It is once again arrogant to believe that the US is the only country in the world having invented or practicing capitalism. Every country in Europe practice Capitalism, and does VERY well. . .in fact, US corporations are always VERY anxious to set up shop in Europe. . .and most have at least a subsidiary there IN SPITE OF MUCH HEAVIER LABOR LAWS that protect the workers AND THE HIGHER TAXES in "social democracies" that provide good safety nets for the people. There is a huge difference between CAPITALISM as it existed 30 years ago, and today's RUN AWAY CAPITALISM that promotes money making "ventures" that are in no way related to employment or the well being of the country and its people, but are just "gambling" on financial instruments that are in no way supported by REAL products. This kind of capitalism is what creates those "bubbles" that destroy economies.
Correction: We do not approve of RUN AWAY CAPITALISM that will walk on everyone, that will destroy any business if there is more money for the top capitalists to be made through the sale of the many parts or the exportation of those jobs outside the US rather than look at the HUMAN cost and the HUMAN benefit of taking a slightly lower profit while providing a living for the workers . . .even though workers who do make a decent living will obviously be a great natural source of DEMAND for the products.
Capitalism exists in EVERY developed country. It is once again arrogant to believe that the US is the only country in the world having invented or practicing capitalism. Every country in Europe practice Capitalism, and does VERY well. . .in fact, US corporations are always VERY anxious to set up shop in Europe. . .and most have at least a subsidiary there IN SPITE OF MUCH HEAVIER LABOR LAWS that protect the workers AND THE HIGHER TAXES in "social democracies" that provide good safety nets for the people.
There is a huge difference between CAPITALISM as it existed 30 years ago, and today's RUN AWAY CAPITALISM that promotes money making "ventures" that are in no way related to employment or the well being of the country and its people, but are just "gambling" on financial instruments that are in no way supported by REAL products.
This kind of capitalism is what creates those "bubbles" that destroy economies.
